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More evidence that company diversity leads to better profits


Forbes: That a company with more diverse representation in senior management will likely achieve greater profits is not breaking news. That reality came to light in a 2015 report from McKinsey & Co. and in another, a year later, from the Peterson Institute for International Economics. Compounding these findings is another report from McKinsey, a management consulting firm, titled “Delivering Through Diversity,” released last week, which shows that gender diversity in management positions actually increases profitability more than previously thought. In the firm’s previous analysis, companies in the top 25th percentile for gender diversity on their executive teams were 15 percent more likely to experience above-average profits. The latest data show that likelihood has grown to 21 percent.

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